Introduction:
We are seeking a highly motivated and detail-oriented Loan Processor to join our team. The ideal candidate will have experience in loan processing and possess excellent communication and organizational skills.
Job Responsibilities:
- Review loan applications and ensure all necessary documentation is included
- Verify borrower information and financial data
- Communicate with borrowers, lenders, and other parties involved in the loan process
- Prepare and submit loan files to underwriting for approval
- Ensure compliance with all regulatory requirements and company policies
Job Brief:
As a Loan Processor, you will play a critical role in the loan process by reviewing applications, verifying information, and communicating with all parties involved. You will work closely with our underwriting team to ensure loans are processed accurately and efficiently.
Detailed Responsibilities:
- Review loan applications and supporting documentation
- Verify borrower information, including income, employment, and credit history
- Communicate with borrowers to obtain any missing information or documentation
- Prepare loan files for underwriting review
- Ensure all loan files are complete and accurate before submission
- Monitor loan status and provide updates to borrowers and lenders
- Maintain accurate records and documentation throughout the loan process
Requirements and Skills:
- High school diploma or equivalent required; Bachelor's degree in finance or related field preferred
- Minimum of 2 years of experience in loan processing or related field
- Strong attention to detail and organizational skills
- Excellent communication skills, both written and verbal
- Proficient in Microsoft Office and loan processing software
- Knowledge of regulatory requirements and industry best practices
Frequently Asked Questions (FAQs):
A high school diploma or equivalent is required, and a Bachelor's degree in finance or related field is preferred. Additionally, a minimum of 2 years of experience in loan processing or a related field is required.
The ideal candidate will possess strong attention to detail, excellent communication skills, and proficiency in Microsoft Office and loan processing software. Knowledge of regulatory requirements and industry best practices is also important.
The main responsibilities of a Loan Processor include reviewing loan applications and supporting documentation, verifying borrower information, communicating with all parties involved in the loan process, preparing loan files for underwriting review, and ensuring compliance with all regulatory requirements and company policies.
Review and Approval:
This job description has been reviewed and approved by the HR department.
